Netflix considering Prince Harry, Meghan Markle for production deal

Netflix is eyeing Prince Harry and Meghan Markle for a production deal, the streaming giant's chief content officer has revealed.

The move comes as the couple steps into a new life as private individuals and are able to freely choose their commercial deals.

When asked at an event in Los Angeles, Netflix's Ted Sarandos said: "Who wouldn't be interested? Yes, sure."

He made his comments hours after Buckingham Palace revealed the pair won't be allowed to formally represent Queen Elizabeth, nor will they be able to call themselves 'His Royal Highness' or 'Her Royal Highness'.

Once Harry and Meghan become non-working royals, their potential Netflix deal could see them follow the likes of former US president Barack Obama and his wife Michelle, who signed with the company to produce TV shows and films.

In 2019, their production company unveiled a wide-ranging slate of programming it will supply, including a period drama set in the fashion world and a biopic.

Harry and Meghan revealed in January they wanted to step back from their duties as royals and split their time between North America - where Meghan is from - and the UK.

As part of the new arrangement, Harry will step back from his military appointments and will no longer receive money for public duties. They'll both keep their private patronages and associations, and have sworn that "everything they do will continue to uphold the values of Her Majesty".

They must "repay Sovereign Grant expenditure for the refurbishment of Frogmore Cottage, which will they will rent as their UK family home". 

The changes take effect from spring 2020 in the UK, which is autumn here in New Zealand.